Department denies approving Anglo loan

The Department of Finance has reiterated that it never approved a multi-billion euro loan between Irish Life and Permanent and Anglo Irish Bank.

The Department of Finance has reiterated that it never approved a multi-billion euro loan between Irish Life and Permanent and Anglo Irish Bank.

It has been reported that internal Anglo Irish Bank documents show the institution's top brass believed the Central Bank and Financial Regulator were "positively disposed" to the €7.45bn loan.

In April 2009, ILP stated that neither the Central Bank, the Financial Regulator nor the Department of Finance had approved the transaction.

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